2012 Archive: The Week In Review

December 28, 2012

December 28, 2012 Stocks spent today’s session in the red as the hope for a timely budget deal becomes more distant. The major averages saw a late-afternoon spike after reports out of Washington indicated President Obama will present a scaled-back budget proposal during his meeting with top lawmakers today. However,... Read More

December 21, 2012

December 21, 2012 Equities spent the duration of today’s session in the red. The S&P 500 lost 0.9% after House Speaker John Boehner cancelled Thursday’s vote on his ‘Plan B’ due to a lack of support from his party. In a morning press conference, the Speaker said he is not... Read More

December 14, 2012

December 14, 2012 Equities spent the day in the red as weakness in shares of Apple (AAPL 509.79, -19.89) weighed on the markets throughout the session. The S&P 500 held near its opening levels until the final hour when selling pressure pushed the benchmark index to a loss of 0.4%.... Read More

December 7, 2012

December 7, 2012 Equities started the day in the black following the release of November nonfarm payrolls, which revealed an addition of 146,000 jobs. However, the optimism was short-lived and stocks surrendered their early gains after the preliminary reading of the December Michigan Sentiment fell short of estimates. The remainder... Read More

November 30, 2012

November 30, 2012 Equities were on uncertain footing during the first hour of the session. The S&P 500 followed the early indecision by sliding to its lows just above the 1410 level. A familiar theme played out intraday as President Obama and House Speaker Boehner held another round of press... Read More

November 23, 2012

November 23, 2012 Equities began today’s abbreviated session with a bullish bias. The sentiment was maintained into the close as the S&P 500 reached its high during the first hour of trade, and hovered near that area until the close. The markets were unfazed by headlines from overseas which indicated... Read More

November 16, 2012

November 16, 2012 The major averages began the day on a down note and continued declining for the first two hours of the session. As the S&P 500 reached its lows, Congressional leaders held a press conference regarding the progress of fiscal cliff negotiations. During the public statement, Senator Harry... Read More

November 9, 2012

November 9, 2012 Stocks began the day in the red after equity futures showed considerable pre-market weakness. The S&P 500 spent the opening minutes just below its flat line. However, the benchmark average began climbing after the Washington Post reported that a plan for a middle class tax freeze will... Read More

November 2, 2012

November 2, 2012 Today’s session started on a higher note after the nonfarm payrolls report exceeded expectations, and pointed to 171,000 jobs added during October. However, the bullish sentiment faded quickly, and the major averages headed into the red. The S&P 500 crossed its flat line 60 minutes into the... Read More

October 26, 2012

October 26, 2012 Equities showed indecision in the early going after Apple (AAPL 604.00, -5.54) and Amazon (AMZN 238.24, +15.32) delivered disappointing results, while the first reading of the third quarter GDP was reported ahead of expectations. The S&P 500 followed the early choppiness with a late-morning... Read More

October 19, 2012

October 19, 2012 Today’s session was dominated by the sellers as disappointing third quarter earnings continued to roll in. Equities opened lower, and spent the majority of the session sliding to fresh lows. The sell-off came to an end once the S&P 500 hit the 1,430 level 90 minutes ahead... Read More

October 12, 2012

ctober 12, 2012 Today’s session got off to a quiet start. The major averages held near their opening levels until the preliminary October University of Michigan Consumer Sentiment Survey registered a reading of 83.1. The survey’s best level since September 2007 lifted the major averages to their session highs. However,... Read More

October 5, 2012

Oct 5, 2012 Equities began the day on a higher note despite mixed jobs data. After reaching session highs within the first hour, the major averages reversed and spent the remainder of the day sliding towards the unchanged level. As a result, the S&P 500 ended flat while the Dow... Read More

September 28, 2012

Sept 28, 2012 Equities stumbled out of the gate before the September Chicago PMI added to the risk-off sentiment. The survey revealed a contractionary reading of 49.7, while expectations called for the number to be closer to 52.9. After marking session lows, equities remained near the bottom of the... Read More

September 21, 2012

Sept 21, 2012 Equities began the session on a higher note as quadruple witching contributed to a volume surge at the start. However, after reaching session highs within the first few minutes of trade, the major averages spent the rest of the day drifting towards the unchanged line. As a... Read More

September 14, 2012

9/14/2012 Today’s session started on a positive note as stocks appeared poised for a second day of broad post-FOMC gains. However, the major averages marked their respective session highs during the first hour of trade and headed lower since. The Nasdaq was able to outperform as it held the... Read More

September 7, 2012

September 7, 2012 Stocks got off to a mixed start after this morning’s jobs data proved to be a disappointment. The anemic numbers turned into yet another argument in favor of additional easing while lower guidance from a technology bellwether contributed to a divergence in the major averages. The S&P... Read More

August 31, 2012

August 31, 2012 U.S. stocks opened sharply higher Friday as investors looked to a speech by Federal Reserve Chairman Ben Bernanke and more definitive action from the European Central Bank next week. “We’ll see how many investors still expect something from the Fed. Clearly things are not good here, but... Read More

August 24, 2012

August 24, 2012 U.S. stocks open mildly lower Friday, with the Dow industrials and the S&P 500 positioned for their first weekly drop in seven, on worry about Europe’s handling of its debt crisis. “It’s been a bad week for markets. It’s a very-little volume reaction to some nice weeks... Read More

August 17, 2012

August 17, 2012 Equities endured a choppy session concentrated mostly around the unchanged level. Today’s economic data points and lackluster European trade did not serve as a catalyst for stocks. Options expiration gave a slight boost to volume, but it still finished well below its 50-day average. The S&P 500 traded... Read More

August 10, 2012

August 10, 2012 U.S. stocks began lower on Friday, denting weekly gains and the S&P 500 index’s five-session winning streak. “We’re just reacting to China data,” Peter Boockvar, equity strategist at Miller Tabak, said of disappointing Chinese trade data. The Dow Jones Industrial Average fell 64 points to 13,100. The... Read More

August 3, 2012

August 3, 2012 U.S. stocks started sharply ahead on Friday, shaving weekly losses, after the July nonfarm payrolls report proved better than expected, even as the unemployment rate rose to 8.3%. Market analysts also pointed to speculation that Spain would soon make a formal request for aid, with that nation’s... Read More

July 27, 2012

July 27, 2012 U.S. stocks opened higher on Friday, with the S&P 500 index joining the Dow Industrials in positive turf for the week, after the leaders of Germany and France pledged to protect the euro zone. The Dow Jones Industrial Average rose 45 points to 12,933. The S&P 500... Read More

July 20, 2012

July 20, 2012 U.S. stocks opened sharply lower Friday, on track to break three days of gains, even as earnings from the likes of General Electric and Microsoft continue to come in better than expected. The Dow Jones Industrial Average fell 80 points to 12,867, led by a 1.5% pullback... Read More

July 13, 2012

July 13, 2012 Triskaidekaphobia or the fear of the number 13 doesn’t seem to be bothering the broader market on this Friday the 13th. U.S. stocks opened higher on Friday, rebounding from the market’s longest decline since May, after U.S. and Chinese economic data coupled with earnings reports came in... Read More

July 6, 2012

July 6, 2012 U.S. stocks opened lower on Friday as jobs data disappointed investors and reaffirmed concerns that the economy is losing momentum. The Dow Jones Industrial Average dropped 110 points to 12,786. The S&P 500 index declined 11 points to 1,356.6 while the Nasdaq Composite declined 20 points to... Read More

June 29, 2012

June 29, 2012 U.S. stocks on Friday began sharply higher after European Union leaders agreed to moves intended to bolster the economies of the region’s more troubled nations. The Dow Jones Industrial Average rose 175 points, or 1.4%, to 12,777. The S&P 500 added 20 points, or 1.5%, to 1,349.... Read More

June 22, 2012

June 22, 2012 U.S. stocks opened higher on Friday, shaving weekly losses, after the European Central Bank said it would take further steps to ease loans collateral for banks. The Dow Jones Industrial Average rose 44 points to 12,618. The S&P 500 climbed 4 points to 1,329. The Nasdaq Composite... Read More

June 21, 2012

June 21, 2012 U.S. stocks opened near flat Thursday after Spain sold more debt than anticipated and weekly claims for jobless benefits illustrating the tepid U.S. labor market. The Dow Jones Industrial Average rose 13 points to 12,837. The S&P 500 index fell nearly a point to 1,354. The Nasdaq... Read More

June 20, 2012

U.S. stocks opened mildly lower Wednesday, with the S&P 500 index pausing after a four-session winning run, as investors looked to a policy decision from the Federal Reserve later in the day. The Dow Jones Industrial Average fell 15 points to 12,821. The S&P 500 shed a point to 1,356.... Read More

June 8, 2012

June 8, 2012 U.S. stocks opened lower on Friday as economic reports from Europe furthered concern about the global economy. The Dow Jones Industrial Average fell 44 points to 12,416. The S&P 500 declined 5 points to 1,309. The Nasdaq Composite shed 12 points to 2,818. A quiet day to... Read More

June 1, 2012

June 1, 2012 U.S. stocks started with more than 1% losses on Friday after a report estimating far lower-than-expected jobs growth in May, following weak Europe and Chinese manufacturing data, added to concerns about global growth. The Dow Jones Industrial Average fell 142 points, or 1.2%, to 12,256, with all but... Read More

May 25, 2012

May 25, 2012 U.S. stocks tallied slight losses Friday with Wall Street on shaky ground ahead of consumer-confidence data and on European uncertainty ahead of the long U.S. holiday weekend. The Dow Jones Industrial Average fell 24 points to 12,505. The S&P 500 Index rose a point to 1,322. The... Read More

May 18, 2012

May 18, 2012 U.S. stocks opened with limited gains Friday as the market attempted to bounce back from its week of losses, with shares of Facebook to begin trading on the Nasdaq in about an hour. The Dow industrials rose 7 points to 12,449. The S&P 500 added 2 points... Read More

May 11, 2012

May 11, 2012 U.S. stocks opened lower Friday, with large banks leading the losses after J.P. Morgan Chase reported a $2 billion trading loss. The bank’s CEO, Jamie Dimon, called the losses “self inflicted” in revealing them late Thursday. The Dow Jones Industrial Average fell 67 points to 12,787,... Read More

May 4, 2012

May 4, 2012 U.S. stocks opened with losses Friday after April’s job gains proved less than expected. An upward revision to the prior month and a decline in the jobless rate failed to keep losses in check. The jobs report was “a little disappointing, but I don’t put a tremendous amount... Read More

April 27, 2012

April 27, 2012 U.S. stocks started with gains Friday as investors cheered results from corporations including Amazon.com and Ford Motor. Stocks maintained gains after the Commerce Department said the economy expanded less than estimated in the first quarter. The Dow Jones Industrial Average climbed 26 points to 13,231. The S&P 500... Read More

April 20, 2012

April 20, 2012 U.S. stocks began Friday with strong gains on better-than-expected quarterly results from corporations including General Electric and Microsoft. The Dow Jones Industrial Average added 84 points to 13,048. The S&P 500 rose 7 points to 1,383. The Nasdaq Composite advanced 12 points to 3,020. One thing is... Read More

April 13, 2012

April 13, 2012 U.S. stocks started lower on Friday, retreating after the S&P 500’s best two-day rise so far this year, as investors pondered a report showing slower-than-expected growth in China. The Dow Jones Industrial Average shed 59 points to 12,927. The S&P 500 lost 6 points to 1,381. The Nasdaq... Read More

April 6, 2012

April 6, 2012 Closed for Good Friday although the March employment data wasn’t good to the economy. U.S. stock futures turned sharply lower on Friday, while Treasury prices surged after data showed a much smaller-than-expected growth in U.S. nonfarm payrolls in March. The U.S. economy added 120,000 jobs in March,... Read More

March 30, 2012

March 30, 2012 U.S. stocks began with gains Friday, with the S&P 500 readying to notch its largest first-quarter advance in more than a decade, after data had U.S. purchases up more than expected in February. The Dow Jones Industrial Average rose 42 points to 13,188. The S&P 500 climbed 4... Read More

March 23, 2012

March 23, 2012 U.S. stocks began virtually flat Friday, with the Dow Jones Industrial Average and the S&P 500 positioned for their largest weekly decline this year. The Dow Industrials dropped 13 points to 13,032. The S&P 500 fell half a point to 1,392. The Nasdaq Composite inched up to 3,063.... Read More

March 9, 2012

March 9, 2012 U.S. stocks opened higher Friday, extending gains into a third session, after the government reported the U.S. economy added more jobs than expected in February, raising optimism about the recovery while also celebrating the third anniversary of the bear market low. The Dow Jones Industrial Average rose 20... Read More

March 2, 2012

March 2, 2012 U.S. stocks struggled for gains Friday after a slightly lower start, with energy companies leading the slide as the price of oil fell. “Overall the economic and market climate is continuing to improve, but markets don’t move in a straight line, and obviously there’s a risk of... Read More

February 24, 2012

February 24, 2012 U.S. stocks opened modestly higher on Friday following a rise in overseas markets overnight. The Dow Jones Industrial Average climbed 5 points to 12,990. The S&P 500 Index rose 2 points to 1,365. The Nasdaq Composite added 5 points to 2,962. A quiet day for news, but the... Read More

February 17, 2012

February 17, 2012 U.S. stocks opened with marginal gains on Friday on hope Greece would get another round of rescue funds after a meeting of European finance ministers early next week. And U.S. economic data supported the Federal Reserve’s view that inflation remains in check. The Dow Jones Industrial Average rose... Read More

February 10, 2012

February 10, 2012 U.S. stocks fell sharply on Friday, jeopardizing a sixth week of gains for the S&P 500, after European finance minister stipulating conditions Greece must meet before Athens receives another round of funds. “The bottom line for U.S. investors is that while the Greek situation has been pushed down... Read More

February 5, 2012

February 3, 2012 U.S. stocks leapt on Friday as Wall Street embraced employment rising more than expected last month and the jobless rate dropping to a three-year low. The Dow Jones Industrial Average advanced 106 points to 12,811. The S&P 500 Index rose 11 points to 1,337. The Nasdaq Composite added... Read More

January 20, 2012

January 20, 2012 U.S. stocks started off on a cautious note Friday, weighed by unease over Greek debt talks and some disappointing earnings, and after three straight days of gains. The Dow Jones Industrial Average rose 9 points to 12,633. The S&P 500 fell 3 points 1,312. The Nasdaq Composite lost... Read More

January 13, 2012

January 13, 2012 U.S. stocks opened sharply lower on Friday on reports of coming downgrades of euro-zone nations by rating agency Standard & Poor’s and disappointing earnings at JP Morgan. The Dow Jones Industrial Average fell 98 points to 12,373. The S&P 500 lost 9 points to 1,285. The Nasdaq... Read More

January 6, 2012

January 6, 2012 U.S. stocks opened mixed to mildly lower on Friday, with the better-than-expected December payrolls report getting a muted response from Wall Street. “Expectations were raised after the ADP number yesterday, and eyes are still on Europe” and the possible global impact of the region’s debt troubles, said... Read More